Perth remains one of Australia’s strongest capital-city markets on an annual basis, but July’s figures show why it is important to separate longer-term growth from current momentum. Perth house prices were 10.2% higher than a year ago, yet eased 0.9% over July. Units were up 14.4% annually and almost flat for the month at -0.1%.
The national picture is softer. House values fell 0.8% over July, sales volumes are below the same time last year, and buyer activity indicators such as open-home attendance remain subdued. For Perth owners, that does not mean the previous year’s gains have disappeared. It means today’s pricing and selling strategy should be based on current local competition as well as annual growth.
Cannington’s median house price was approximately $880,000 in July, up 18.7% over 12 months. The median house rent was $750 per week, up 7.1% annually. New listings rose 10% from June to 22 properties.
The combination is useful for sellers: annual price performance remains strong, but there was also more fresh competition in July. For buyers, the increase in new stock may offer slightly more choice than the previous month. It is not enough data on its own to call a change in market direction.
East Cannington recorded a median house price of approximately $920,000, up 19.3% over 12 months. Median house rent was $750 per week, up 2.7% annually. There were 15 new listings in July, 15.4% more than June.
The report also shows new listings 150% above July last year. That percentage needs context because the current count is only 15 properties. The more useful takeaway is that supply lifted modestly month-on-month while annual house-price growth remained strong.
Beckenham’s median house price was approximately $880,000, up 20.7% annually. Median house rent reached $730 per week, up 9.8% over the year. July brought 19 new listings, a 26.7% increase from June.
Of the four suburbs, Beckenham had the strongest monthly lift in fresh listings. For sellers, that means strong annual price growth is being accompanied by more immediate competition. For buyers, the extra supply may improve choice, although the suburb’s annual price growth remains substantial.
Queens Park recorded the strongest annual house-price growth of the four suburbs at 23.6%, with a median of approximately $920,000. It also recorded the highest median house rent at $780 per week, up 13.9% annually.
At the same time, new listings fell 35.3% from June to just 11 properties. That combination of strong annual price growth and lower fresh supply is notable, but one month of listings is not enough to claim a lasting shortage. It is a figure worth watching next month.
The clearest August story is not that every local suburb is moving in one direction. It is that the annual growth backdrop remains strong while current supply conditions vary sharply.
Cannington and East Cannington saw moderate increases in fresh listings, Beckenham recorded a larger lift, and Queens Park moved the other way. That can change the level of competition a seller faces and the amount of choice available to a buyer, even when suburbs sit only a few kilometres apart.
For landlords and investors, rental growth also differs. Annual house-rent growth ranged from 2.7% in East Cannington to 13.9% in Queens Park. A suburb-level appraisal and property-specific assessment are more useful than relying on a Perth-wide rental headline.
Want to know how the current market applies to your property rather than the suburb median? Speak with Team Cameron at Ray White Canning River for a local sales or rental appraisal.
Cameron Smart and Ray White Canning River have been recognised at the 2026 REIWA Awards for strong auction results, reflecting the strategy, buyer follow-up and campaign process behind every auction.
See September 2026 property data for Perth, Cannington, East Cannington, Beckenham and Queens Park, including prices, rents and listings.